MRE is now green....
Last years average price was nickel around 7 dollar per lb and thsi year will be around 9 or more per LB.
2 dollar more profit per lb......you can multiple by nickel production to.......
See my calculation on the basis of extra 2 US$ per lbwhich is highly likely
Last quarter to December 31 they have produced 5205 tons,
5205 ton = 10 410 000 lbs
10 410 000 LBS multiple by 2 = 20820000 US$ which is APRROX 21 MILLION IN ONE QUATER
IF YOU MULTIPLE BY 4 FOR FULL YEAR.......84 MILLION MORE PROFIT.
Therefore I am expecting 150 million dollar profit at current nickel price which is 9.21 / lb.
Remember that its not included cobalt.
MRE is now green....Last years average price was nickel around 7...
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$1.98 |
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Mkt cap ! $299.8M | |||
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| Last trade - 16.10pm 08/09/2025 (20 minute delay) ? |
| MRE (ASX) Chart |